【BTCJPY】20190109 Daily Pivot

As a guideline for day trading BTCJPY, we check the pivot. Yesterday (January 8) showed little movement, ending with a small range. The market briefly surpassed R1 but closed in the early 430,000-yen range.

R2=453,500

R1=444,219

S1=427,573

S2=420,208

※A pivot point is a technical indicator that predicts the price movement for the current day based on the previous day’s price range. Centered on the Pivot Point (PP), draw resistance lines (R1, R2) above and below, and support lines (S1, S2) to use as trading references.

【Calculations】

Pivot Point (PP) = (Previous day's close + previous day's high + previous day's low) / 3

Resistance Line 1 (R1) = PP + (PP - previous day's low)

Support Line 1 (S1) = PP - (previous day's high - PP)

Resistance Line 2 (R2) = PP + (previous day's high - previous day's low)

Support Line 2 (S2) = PP - (previous day's high - previous day's low)

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